Asian Gaming Market Set to Skyrocket -- Melco Crown Entertainment and MGM Resorts Poised to Benefit
13 Dezembro 2011 - 11:16AM
Marketwired
Driven by its economic strength and the region's fondness for
gambling, Asia is expected to overtake the United States as the
world's largest gaming market by 2013, PricewaterhouseCoopers
reports. PricewaterhouseCoopers estimates Macau's casino gross
gaming revenue will grow at a compound annual rate of 21.5 percent
between 2011 and 2015. The BedfordReport examines the outlook for
companies in the Resorts and Casinos Industry and provides equity
research on Melco Crown Entertainment Ltd. (NASDAQ: MPEL) and MGM
Resorts International (NYSE: MGM). Access to the full company
reports can be found at:
www.bedfordreport.com/MPEL
www.bedfordreport.com/MGM
Earlier this month Macau posted its November gambling revenues,
showing a 32.9% increase in revenue to 23 billion patacas ($2.9
billion) compared to the same month last year. Credit Suisse gaming
analyst Gabriel Chan says "next month could be similar to this
month in terms of growth, but going into January will be a low
season as in the first couple of days of the Lunar New Year we
don't have any VIPs coming to Macau."
According to figures released by the Chinese Special
Administrative Region's Gaming Inspection and Coordination Bureau,
total gaming revenues through November are up 44 percent compared
to the first 11 months of 2010.
The Bedford Report releases investment research on the Resorts
and Casinos industry so investors can stay ahead of the crowd and
make the best investment decisions to maximize their returns. Take
a few minutes to register with us free at www.bedfordreport.com and
get exclusive access to our numerous analyst reports and industry
newsletters.
According to Union Gaming Research Macau, Sands China Ltd. leads
the mass-market segment in Macau in October and November with a
weighted share of customers of 34.3 percent. According to
MacauBusiness.com, Union Gaming estimates each operator's and
casino's mass market share by counting casino shuttle bus
passengers at the Outer Harbour Ferry Terminal and the Macau Border
Gate, the city's two primary entry points, which combined accounted
for 78 percent of total visitation last year.
In October, Melco Crown was third, with a market share of 15
percent, while Wynn Macau Ltd. had a 13-percent piece of the
market.
The Bedford Report provides Market Research focused on equities
that offer growth opportunities, value, and strong potential
return. We strive to provide the most up-to-date market activities.
We constantly create research reports and newsletters for our
members. The Bedford Report has not been compensated by any of the
above-mentioned companies. We act as an independent research portal
and are aware that all investment entails inherent risks. Please
view the full disclaimer at:
http://www.bedfordreport.com/disclaimer
Add to Digg Bookmark with del.icio.us Add to Newsvine
Contact: The Bedford Report Email Contact
MGM Resorts (NYSE:MGM)
Gráfico Histórico do Ativo
De Jun 2024 até Jul 2024
MGM Resorts (NYSE:MGM)
Gráfico Histórico do Ativo
De Jul 2023 até Jul 2024